AIRLINK 177.80 Increased By ▲ 0.24 (0.14%)
BOP 11.23 Increased By ▲ 0.18 (1.63%)
CNERGY 8.36 Increased By ▲ 0.19 (2.33%)
FCCL 48.22 Increased By ▲ 0.90 (1.9%)
FFL 16.58 Increased By ▲ 0.46 (2.85%)
FLYNG 27.40 Increased By ▲ 0.05 (0.18%)
HUBC 146.51 Decreased By ▼ -0.40 (-0.27%)
HUMNL 13.65 Increased By ▲ 0.14 (1.04%)
KEL 4.57 Increased By ▲ 0.07 (1.56%)
KOSM 5.93 Increased By ▲ 0.02 (0.34%)
MLCF 63.16 Increased By ▲ 1.14 (1.84%)
OGDC 233.75 Decreased By ▼ -0.93 (-0.4%)
PACE 5.85 Increased By ▲ 0.05 (0.86%)
PAEL 46.13 Decreased By ▼ -0.28 (-0.6%)
PIAHCLA 18.20 Increased By ▲ 0.08 (0.44%)
PIBTL 10.70 Increased By ▲ 0.13 (1.23%)
POWER 12.20 Increased By ▲ 0.21 (1.75%)
PPL 191.85 Increased By ▲ 0.05 (0.03%)
PRL 37.71 Increased By ▲ 0.39 (1.05%)
PTC 23.32 Increased By ▲ 0.12 (0.52%)
SEARL 100.40 Decreased By ▼ -0.49 (-0.49%)
SSGC 39.29 Decreased By ▼ -0.42 (-1.06%)
SYM 15.05 Increased By ▲ 0.02 (0.13%)
TELE 7.88 Increased By ▲ 0.04 (0.51%)
TPLP 11.15 Increased By ▲ 0.04 (0.36%)
TRG 66.74 Decreased By ▼ -0.55 (-0.82%)
WAVESAPP 11.32 Decreased By ▼ -0.03 (-0.26%)
WTL 1.36 No Change ▼ 0.00 (0%)
YOUW 3.85 Increased By ▲ 0.08 (2.12%)
BR100 13,061 Increased By 254.7 (1.99%)
BR30 39,773 Increased By 70.2 (0.18%)
KSE100 120,752 Increased By 1814.1 (1.53%)
KSE30 37,436 Increased By 679.3 (1.85%)

ISLAMABAD: The National Assembly, Friday, passed, “The Cannabis Control and Regulatory Authority Bill, 2024” to ensure public health and safety by regulating the cannabis cultivation, refining, manufacturing, sale, industrial products, export generation and attracting Foreign Direct Investment (FDI) in Pakistan.

Federal Minster for Law and Justice Senator Azam Nazeer Tarar presented the bill for passage. The House passed the bill with majority.

According to the objects and reasons of the bill, “this legislation aims to establish a clear regulatory framework to generate government revenue through taxation and to promote the development of supply chain for industrial and medicinal cannabis. A Cannabis Control and Regulatory Authority is to ensure public health and safety by regulating the cultivation, extraction, refining, manufacturing and sale of cannabis and its derivatives in accordance with international obligations and best practices.”

The objective of the legislation is “to promote local development of Cannabis based medicinal and industrial products, export generation and attracting Foreign Direct Investing (FDI), undertake research, development, and capacity building initiatives in collaboration with international counterparts to promote the growth and development of the Cannabis industry in Pakistan.”

Earlier, Minister for Water Resources Musadik Malik, Friday, told the National Assembly that the federal government was financing construction of 32 dams during the current fiscal year.

During question-hour session of the Lower House of the Parliament, the minister said that after completion the project of 32 dams would have a capacity to store about 8,429,288 acres feet of water. He said the new areas which would come under irrigation after completion of the dams would be 436,934 acres.

He said that during the current fiscal year, the federal government was sponsoring construction of 32 dam projects, costing Rs1.057 billion.

He said that each province was getting its water share. He said a contract had also been awarded for installation of an automatic telemetry system to end water related disputes among the provinces.

Minister for Information and Broadcasting Attaullah Tarar told the House that Prime Minister Shehbaz Sharif has directed the National Vocational and Technical Training Commission to train nurses as per the international standards. He said that would enable Pakistan to meet demand of nurses both at home and abroad.

Copyright Business Recorder, 2024

Comments

Comments are closed.